USDA Vs. FHA Pro and Con comparison in Danville, Vermilion County, IL
In 2025, the USDA loan limit for Danville, within the county of Vermilion, IL, is $336,500, compared to an FHA loan limit of $472,030 for a single-family home.
Utilize the Lendersa® USDA loan calculator to compare the competitive rates of USDA and FHA loans today. It analyzes income, credit, reserves, and necessary documents for qualification. This advanced tool provides a side-by-side comparison of USDA, FHA, Conforming, and VA options to help you choose the best fit for your financial situation in .
Loan limits and down payment requirements for 2025 in Danville, county of Vermilion, IL
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA loans in Danville, IL
Lendersa® aims to provide you with the optimal USDA or FHA loan quickly and with ease. You can begin with one of three options to find matching lenders and USDA loan programs.
The USDA home loan, backed by the Department of Agriculture, often referred to as a USDA rural development loan or USDA mortgage, is meant for rural areas only. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans require none.
The Farmers Bank is a $775 million asset organization chartered in 1876 with headquarters in Frankfort, IN. The Farmers Bank is locally owned and operated with 10 banking offices located in Central Indiana providing retail, business, investment & trust services, mortgage, and electronic banking services.
"We are the friend you can turn to in a time of need. We at Lending Hand believe that payday loans are the better solution for the underbanked.
We hope that people living in our Indiana communities see us as a helpful solution during times of financial troubles. We can prove to you time"
The State Bank of Herscher was chartered in 1902 by a group of residents who understood what a local bank meant for the well-being of their community. The growth that we have experienced since that time has allowed us to move to our present location in Herscher as well as expand to Limestone.
We are a well-capitalized, secure local bank with full-service locations in Bourbonnais, downtown Kankakee, west Kankakee, Aroma Park and Danforth as well as a convenient drive-up branch in Briarcliff Shell/Bourbonnais. We are committed to bringing you an extensive range of financial products and the responsive service you need.
Riverside Hospital Employees Credit Union, as it was called originally, was formed in 1976 by the employees of Riverside Hospital in Kankakee, Ill. Membership was open to all employees of the hospital and their family members. Over the years, our office moved to several locations in the hospital. Initially, savings
2 RIVERS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in KANKAKEE, IL with 1 branch location and about $23.60 million in total assets. Opened 71 years ago in 1951, 2 RIVERS AREA CREDIT UNION has about 3,998 members and employs 6 full and part-time employees offering various banking
Kankakee Terminal Belt Credit Union has been open since 1953. The credit union has assets totaling $7.51 Million and provides banking services to more than 1,000 members.
The credit union is a member-owned financial cooperative providing banking services including savings, loans,
The Kankakee Federation of Teachers Credit Union has been offering safe and secure credit union services to our Kankakee teachers and their families for over 60 years!! Credit unions are very special cooperative organizations. Ours was created for teachers by teachers who understand teachers’ unique financial needs.
Peoples Bank was founded as People’s Bank Marycrest with its first location opening in the Marycrest neighborhood on East Court Street in May, 1962. The Bank was founded by Ford auto dealer, real estate developer, and philanthropist Romy Hammes. Romy established the Bank after recognizing a need for greater local decision making.
First National Bank and Trust Company provides generations of customers with personalized banking experiences at every opportunity. Through lifelong learning, exceptional service and the use of technology; we offer our community secure banking options with profitable growth. Member FDIC.
Dewitt Savings Bank is a community bank, which provides residential mortgage loans & auto loans. We pride ourselves on customer service. Our loan officers can help you through the loan process. We have two branches located in Clinton Illinois & Moweaqua Illinois. We seek to provide high quality customer service for our depositors & loan customers.
Decatur Postal Credit Union began in 1928. At that time, it was for postal employees only. In 1949 the board of directors decided to open our field of membership to include postal employees, spouses and immediate family members. This holds true to this day. The Credit Union is located in the downtown post office in the main lobby.
